Global alternative asset manager Carlyle Group has opened an office in Jakarta, Indonesia, to be led by Rajiv Louis, managing director of the Carlyle Asia buyout team.
Louis joined Carlyle last year focusing on Southeast Asian opportunities. He has more than 15 years’ experience in investment banking, focusing on Indonesia and Southeast Asia. Prior to joining Carlyle, he worked at UBS as managing director and country head in Indonesia and head of investment banking in Indonesia.
Greg Zeluck, managing director and co-head of the Carlyle Asia buyout team, said, “Indonesia is a fast-growing market in Southeast Asia with attractive investment opportunities. Establishing an office in Jakarta is an important step in our expansion strategy to gain greater exposure in Indonesia as well as the Southeast Asia region. This also reflects our commitment to investing in this exciting economy and to supporting the development of Indonesia’s capital and investment markets.”
Louis added, “Opening an office in Indonesia will better enable us to create and seize investment opportunities driven by a young population, a growing middle class, rapid urbanization and rising incomes. With a local presence, coupled with our extensive global network and deep knowledge of Indonesian industries, we are in a superb position to support local entrepreneurs and create value for companies in Indonesia.”
Having first established its presence in Asia Pacific in 1998, Carlyle continues to expand its footprint across the region, with offices in Beijing, Hong Kong, Jakarta, Mumbai, Seoul, Singapore, Shanghai, Sydney and Tokyo. Including external co-investment, Carlyle has invested approximately $13bn in Asia Pacific.
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